DeMagistris Fashion Company in New York City imports jewelry from Acuna in Argentina. Payment is in Argentine pesos. They have a risk-sharing agreement to share the difference equally if the peso/dollar exchange rate falls outside of Ps3.7/$ and Ps4.3/$. DeMagistris contracts to import jewelry worth 14,000,000 pesos. The spot rate is currently Ps4.0/$. What will be the dollar cost of imports if: the peso increases to Ps3.6/$?

Group of answer choices

$3,255,814

$3,835,616

$3,888,889

$3,500,000

$3,783,784